December 16, 2024
EMTA has today published a number of new Template Terms today to complete its 2024 Frontier Markets Project. EMTA Members are invited to CLICK HERE to see EMTA Recommended Market Practice No. 102 on New Template Terms for Non-Deliverable FX Forward and Currency Option Transactions for Frontier Market Currencies.
December 3, 2024
Annex A to the 1998 FX and Currency Option Definitions is updated as of December 3, 2024. Please CLICK HERE to view the updated version.
September 17, 2024
EMTA has published its Recommended FX and Currency Derivatives Market Practice No 101 updating its Template Terms for RUB Non-Deliverable FX Forward, Currency Option and Cross Currency FX Transactions effective September 30, 2024. EMTA Members may CLICK HERE to view the new Market Practice 101 and may CLICK HERE to view an accompanying Guidance Note.
August 2, 2024
OFAC General License No. 99A published Authorizing the Wind Down of Transactions and Certain Transactions Related to Debt or Equity of, or Derivative Contracts Involving, MOEX, NCC, or NSD until October 12, 2024. CLICK HERE to see GL 99A.
OFAC General License No. 100A published Authorizing Certain Transactions Related to Debt or Equity or the Conversion of Currencies Involving MOEX, NCC, or NSD until October 12, 2024. CLICK HERE to see GL100A.
Members may CLICK HERE to see General License 99 and CLICK HERE to see General License 100.
May 30, 2024
EMTA publishes its Recommended FX and Currency Derivatives Market Practice No. 100 on the ARS MAE Rate. EMTA Members may CLICK HERE to view this Market Practice
May 21, 2024
Notice of the Mercado Abierto Electronic (MAE) Regarding Shift to a T+1 Settlement Cycle on June 3, 2024.
January 22, 2024
LCH Circular No 4292 on adjustments to BRL Non-Deliverable Interest Rate Swaps.
December 26, 2023
CME Advisory Notice Regarding a New Holiday in Brazil and Implications for CME’s BRL CDI IRS contracts.
December 25, 2023
Bank Al-Magrib Adopts New FX Fixing Methodology.
December 22, 2023
EMTA-ISDA Notice on Enactment of New Brazilian Holiday.
Brazil Enacts a New Holiday for November 20 (National Day of Zumbi and Black Awareness Day). CLICK HERE to see the official publication notice.
December 7, 2023
Circular 207/2023-PRE of B3 regarding Processing Procedures for New Brazilian Holiday in 2024.
June 6, 2023
Reserve Bank of India Opens Up Local NDF Market.
February 1, 2023
EMTA today has published Recommended FX and Currency Derivatives Market Practice No. 99 on New Template Terms for UZS/USD Non-Deliverable FX and Currency Option Transactions Effective February 13, 2023. EMTA Members may CLICK HERE to view the Market Practice.
August 12, 2022
EMTA and ISDA update the Ruble FX Deliverable Currency Amendment Agreement. Members may CLICK HERE to view the update.
August 11, 2022
ISDA, ASIFMA, EACT, EMTA, FIA, GFXD Publish an Updated Set of Recommendations in Response to the European Commission’s Latest Consultation on Reform of the EU Benchmarks Regulation (BMR). CLICK HERE for the Press Release and the Briefing Paper.
May 13, 2022
EMTA publishes its Implementation Protocol for the 2022 Ruble Multilateral Amendment Agreement for Certain Russian Ruble FX, Currency Option and Swap Transactions and its Guide to 2022 Ruble Bilateral Amendment Documentation for Deliverable and Non-Deliverable Ruble FX and Swap Transactions. CLICK HERE
April 20, 2022
EMTA Issues Recommended FX and Currency Derivatives Market Practice No. 98 on Updated Template Terms for RUB Non-Deliverable FX Forward, Currency Option and Cross Currency FX Transactions. EMTA Members may CLICK HERE to view this Market Practice.
March 16, 2022
Notice from WMR Advisory Services on UAH fixings.
March 13, 2022
Press Release of the National Bank of the Ukraine.
March 9, 2022
EMTA Issues Guidance Note on Calculation Agent Determinations. EMTA Members may CLICK HERE to view the Guidance Note.
March 2, 2022
ISDA/EMTA RUB FX Deliverable Currency Amendment Agreement. (Publication Word version).
National Bank of Ukraine Updates February 24 Statement. CLICK HERE (Ukrainian) and (Unofficial Translation).
Press Release of Moscow Exchange.
March 1, 2022
EMTA Publishes its Guidance Note on UAH/USD Non-Deliverable FX and Currency Option Transactions Under the EMTA Template Terms. CLICK HERE
February 24, 2022
National Bank Ukraine Statement on Procedures Under Martial Law. CLICK HERE
February 23, 2022
Annex A has been updated effective February 23, 2022. CLICK HERE.
January 10, 2022
EMTA publishes a Guidance Note for KZT NDF and NDO Transactions. EMTA Members may CLICK HERE to view this Guidance Note.
National Bank of Kazakhstan On Re-Opening of the Financial and FX Trading Markets.
January 4, 2022
EMTA Members may CLICK HERE to see EMTA and ISDA Joint Market Practice No. 8 on incorporating SOFR into Latin American Non-Deliverable Cross Currency Swaps Transactions.
December 1, 2021
NBU Update on Calculation and Publication of Hryvnia Rates.
August 12, 2021
Banco Central de la Republica Argentina adds FX restrictions ---CLICK HERE to see Comunicacion “A” 7340 dated August 12, 2021.
June 18, 2021
EMTA Publishes Recommended FX and Currency Derivatives Market Practice No. 96 on Updated Template Terms for BRL/USD, CLP/USD, COP/USD and PEN/USD Non-Deliverable FX Forward and Currency Option Transactions. EMTA is pleased to host a Multilateral Amendment for the amendment of EMTA Member legacy transactions. CLICK HERE to view the Implementation Protocol for the 2021 Multilateral Amendment Agreement.
February 2, 2021
New EU Council Rule Extends Third Country Benchmark Transition Period.
January 21, 2021
Bank Indonesia Announces Changes to the JISDOR rate effective April 5, 2021. See also BI FAQs.
December 29, 2020
Press Release (in Spanish) of Banco Central de Chile relating to the normalization of Chilean Peso cross-border transactions.
November 20, 2020
Joint Associations Paper on Extension of Transition Period for Third Country Benchmarks.
July 24, 2020
EU Commission issues proposal to amend EU rules for financial benchmarks. Please see the Press Release, FAQs and the Legislative Proposal.
July 3, 2020
Press release (in Spanish) of the Banco Central de Chile regarding its consultation on changes to its foreign exchange regulations (comments due September 4, 2020) together with Q&A (in Spanish) on the proposed changes and Legislative Text of the Central Bank of Chile (in Spanish) (Acuerdo Adoptado Por El Consejo del Banco Central de Chile en su Sesion Ordinario No. 2322 del 2 de julio 2020).
July 1, 2020
Draft Regulations of the Central Bank of the Philippines on Amendments to Derivatives Regulations.
June 24, 2020
UK Chancellor's Written Ministerial Statement and Third Country Benchmarks (Extract of Clifford Chance Memorandum).
June 23, 2020
UK Chancellor Written Ministerial Statement.
HM Treasury Prudential standards in the Financial Services Bill: June update.
FCA Discussion Paper on new Prudential regimes for UK Investment Firms.
June 3, 2020
MOEX Updates Calendar with Two New Non-Business Days.
May 25, 2020
Kazakhstan Stock Exchange Resumes Normal Hours.
March 20, 2020
Communication “A” 6942 of the Central Bank of Argentina.
Decree No. 297/2020 of the Government of the Republic of Argentina.
January 29, 2020
EMTA Guidance Note on Business Day Adjustments for CNY/USD Non-Deliverable FX Transactions Under the EMTA Template Terms.
January 28, 2020
China Foreign Exchange Trade System Notice of Extending Spring Festival Holidays for China Interbank RMB and FX Market.
January 27, 2020
State Council of the People's Republic of China announces an extension of the Spring Festival Holiday to include January 31, 2020.
November 1, 2019
Índice De Cámara Promedio and Índice De Cámara Promedio Real Regulation.
November 8, 2019
ARS/USD Exchange Rate Divergence - Insufficient notices received.
November 7, 2019
ARS/USD Exchange Rate Divergence - Insufficient notices received.
November 5, 2019
ARS/USD Exchange Rate Divergence - Insufficient notices received.
November 4, 2019
EMTA confirms receipt of ARS Exchange Rate Divergence notices. CLICK HERE to view the notices.
November 1, 2019
EMTA confirms receipt of ARS Exchange Rate Divergence notices. CLICK HERE to view the notices.
October 31, 2019
EMTA confirms receipt of ARS Exchange Rate Divergence notices. CLICK HERE to view the notices.
October 30, 2019
EMTA confirms receipt of ARS Exchange Rate Divergence notices. CLICK HERE to view the notices.
October 29, 2019
EMTA confirms receipt of ARS Exchange Rate Divergence notices. CLICK HERE to view the notices.
October 28, 2019
EMTA confirms receipt of ARS Exchange Rate Divergence notices. CLICK HERE to view the notices.
October 25, 2019
EMTA confirms receipt of ARS Exchange Rate Divergence notices. CLICK HERE to view the notices.
October 24, 2019
EMTA confirms receipt of ARS Exchange Rate Divergence notices. CLICK HERE to view the notices.
October 23, 2019
EMTA confirms receipt of ARS Exchange Rate Divergence notices. CLICK HERE to view the notices.
October 22, 2019
EMTA confirms receipt of ARS Exchange Rate Divergence notices. CLICK HERE to view the notices.
October 21, 2019
EMTA confirms receipt of ARS Exchange Rate Divergence notices. CLICK HERE to view the notices.
October 18, 2019
EMTA confirms receipt of ARS Exchange Rate Divergence notices. CLICK HERE to view the notices.
October 17, 2019
EMTA confirms receipt of ARS Exchange Rate Divergence notices. CLICK HERE to view the notices.
October 16, 2019
EMTA confirms receipt of ARS Exchange Rate Divergence notices. CLICK HERE to view the notices.
October 15, 2019
EMTA confirms receipt of ARS Exchange Rate Divergence notices. CLICK HERE to view the notices.
October 14, 2019
Letter to EMTA from the National Bank of Kazakhstan dated October 14, 2019
October 11, 2019
EMTA confirms receipt of ARS Exchange Rate Divergence notices. CLICK HERE to view the notices.
Public Consultation Document -- Review of EU Benchmark Regulation.
October 10, 2019
EMTA confirms receipt of ARS Exchange Rate Divergence notices. CLICK HERE to view the notices.
EMTA confirms receipt of ARS Exchange Rate Divergence notices. CLICK HERE to view the notices.
October 8, 2019
EMTA confirms receipt of ARS Exchange Rate Divergence notices. CLICK HERE to view the notices.
October 7, 2019
EMTA confirms receipt of ARS Exchange Rate Divergence notices. CLICK HERE to view the notices.
October 4, 2019
EMTA confirms receipt of ARS Exchange Rate Divergence notices. CLICK HERE to view the notices.
October 3, 2019
EMTA confirms receipt of ARS Exchange Rate Divergence notices. CLICK HERE to view the notices.
October 2, 2019
EMTA confirms receipt of ARS Exchange Rate Divergence notices. CLICK HERE to view the notices.
October 1, 2019
EMTA confirms receipt of ARS Exchange Rate Divergence notices. CLICK HERE to view the notices.
September 30, 2019
EMTA confirms receipt of ARS Exchange Rate Divergence notices. CLICK HERE to view the notices.
September 27, 2019
EMTA confirms receipt of ARS Exchange Rate Divergence notices. CLICK HERE to view the notices.
September 26, 2019
EMTA confirms receipt of ARS Exchange Rate Divergence notices. CLICK HERE to view the notices.
September 25, 2019
EMTA confirms receipt of ARS Exchange Rate Divergence notices. CLICK HERE to view the notices.
September 24, 2019
EMTA confirms receipt of ARS Exchange Rate Divergence notices. CLICK HERE to view the notices.
September 23, 2019
EMTA confirms receipt of ARS Exchange Rate Divergence notices. CLICK HERE to view the notices.
September 16, 2019
EMTA Publishes a Supplemental Notice on Argentine Capital Controls and NDF Contracts.
September 5, 2019
EMTA Publishes Notice on Argentina's Capital Controls and NDF Contract Implications.
September 2, 2019
Client Memorandum of Estudio O’Farrell Regarding New Argentine Central Bank Foreign Exchange Regulations.
September 1, 2019
Communication “A” 6770 of the Central Bank of Argentina (in Spanish) regarding imposition of certain currency controls.
August 1, 2019
Refinitiv Press Release on Benchmark Compliance.
February 28, 2019
RBI Constitutes Task Force on Offshore Rupee Markets.
February 25, 2019
Press Release of the European Council Regarding Sustainable Finance and Low Carbon Benchmarks.
Press Release of the European Commission Regarding Sustainable Finance and Low Carbon Benchmarks.
February 12, 2019
Tokyo Foreign Exchange Market Committee Announcement on Settlement of FX Derivatives Transactions during Japanese Golden Week.
January 1, 2019
Refinitiv Press Release on Benchmark Compliance.
December 10, 2018
EMTA Updates FX and Currency Derivatives Market Practice No. 79 on Nigerian Naira Settlement Rate Option.
November 20, 2018
ISDA-GFMA-FIA-EMTA Briefing on the Need to Extend the Transition Period of the Benchmark Regulation
September 29, 2018
Bank Indonesia Issue New Regulations Supporting Domestic NDFs.
September 17, 2018
Press Release of the National Bank of Ukraine of Draft Structure for Future Currency Regulations.
September 12, 2018
EMTA Publishes Recommended FX and Currency Derivatives Market Practice No. 85 on Kazakhstani Tenge/US Dollar Rate Source. CLICK HERE to view Market Practice No. 85.
September 7, 2018
EMTA Publishes Recommended FX and Currency Derivatives Market Practice No. 84 on Kazakhstani Tenge/US Dollar Rate Source. CLICK HERE to view Market Practice No. 84.
August 20, 2018
Kazakhstan Stock Exchange Moves to a TOM Foreign Exchange Rate.
August 13, 2018
Press Release of the Banking Regulation and Supervisory Agency of Turkey Regarding New Limits on FX Swaps.
August 2, 2018
Venezuelan Bolivar Redenomination Scheduled for August 20.
July 23, 2018
Press Release of the National Bank of Ukraine Regarding Board Resolution No. 80 dated July 19, 2018 on Official Exchange Rate of the Hryvnia to Foreign Currencies. Click here to see Resolution No. 80. Click Here to see the Unofficial Translation.
July 4, 2018
Press Release of Reserve Bank of India Regarding Computation and Dissemination of Reference Rate by FBIL.
June 28, 2018
EMTA Publishes Recommended FX and Currency Derivatives Market Practice No. 83 on Indian Rupee/US Dollar Rate Source. CLICK HERE to view Market Practice No. 83.
June 11, 2018
Press Release of the FBIL regarding the FBIL Reference Rates and FBIL Reference Rate Methodology.
June 4, 2018
Redenomination of the Venezuelan Bolivar Is Postponed.
April 18, 2018
New ISO Code Assigned to Venezuela's Currency.
March 29, 2018
EMTA Issues FX and Currency Derivatives Market Practice No 82 on Revisions to Philippine Peso Rate Source Definition. CLICK HERE to view Market Practice No. 82.
February 7, 2018
Press Release of the Reserve Bank of India: Statement on Developmental and Regulatory Policies (on Benchmark Harmonization Topics Et Al).
January 15, 2018
EMTA has today published its Recommended FX and Currency Derivatives Market Practice No 81 on New Terms, effective January 22, 2018 for BRL / USD Non-Deliverable FX Forward and Currency Option Transactions. EMTA Members may CLICK HERE to view Market Practice No. 81.
January 3, 2018
FMDQ Extends Proposed NiFEX Cessation to December 31, 2018.
January 1, 2018
EMTA Publishes New Template Terms with Revisions to Disruption Fallbacks.
December 15, 2017
Nigerian FMDQ Publishes Notice of Proposed Cessation of NiFEX rate.
November 19, 2017
EMTA and ISDA Publish Amended and Restated Annex A to the 1998 FX and Currency Option Definitions and a Transitional Supplement.
Effective January 1, 2018, EMTA will Terminate the EMTA Fallback Surveys.
September 22, 2017
EMTA Publishes FX and Currency Derivatives Market Practice No 79 recommending new terms for the Nigerian Naira FX market. EMTA Members may CLICK HERE to view this Market Practice and may CLICK HERE to view the Implementation Protocol for this new Market Practice.
May 25, 2017
FX Global Code of Conduct Published.
May 24, 2017
EMTA has updated its Recommended FX and Currency Derivatives Market Practice No. 64 on Expiration Times for Russian Ruble Currency Option Transactions and the Guidance Note on Expiration Times for Non-Deliverable Currency Option Transactions. CLICK HERE to view Market Practice No. 64 and CLICK HERE to view the updated Guidance Note.
April 1, 2017
The FMDQ OTC Securities Exchange Publishes New Foreign Exchange Rate Fixing Methodology.
December 8, 2016
EMTA Recommended FX and Currency Derivatives Market Practice for Semi-Continuous Barrier and Binary Options in Certain Non-Deliverable Currency Pairs Updated as of December 8, 2016. Members only may CLICK HERE to view the Market Practice.
November 17, 2016
Direction of Bank Negara Malaysia Regarding Offshore Trading of Ringgit and Ringgit Derivatives.
November 13, 2016
Press Release of Bank Negara Malaysia Regarding NDF Transactions.
June 16, 2016
Bank Negara Malaysia Announces New MYR/USD Methodology.
June 13, 2016
EMTA issues its Recommended FX and Currency Derivatives Market Practice No. 77 recommending, effective July 18, 2016, new standard terms for RUB Non-Deliverable FX Forward and Currency Option Transactions.
CLICK HERE to view the Market Practice.
CLICK HERE to view the Implementation Protocol and related documentation.
February 16, 2016
The Bank of Canada Announces Changes to its Publication of Foreign Exchange Rates.
January 25, 2016
The Foreign Exchange Committee today released the results of its twenty-third Survey of North American Foreign Exchange Volume.
The announcement to this survey can be found on the Foreign Exchange Committee's website at http://newyorkfed.org/fxc/.
Results of this survey, together with the list of reporting dealers and explanatory notes, are available online at www.newyorkfed.org/fxc/volumesurvey.
November 24, 2015
EMTA Publishes Recommended FX and Currency Derivatives Market Practice No. 76 to address certain practices in monitoring non-deliverable barrier and binary options. Members only may CLICK HERE to view this Market Practice.
October 16, 2015
Letter of the FMLC to the EU Commission on Benchmark Reform.
September 14, 2015
Annex A Amended to Delete Certain PKR/USD and VND/USD Rate Source Definitions.
May 28, 2015
EMTA, ISDA and the FXC Publish Amendments to Annex A to the 1998 FX and Currency Option Definitions.
February 10, 2015
Venezuela publishes new FX regulations - in English and Spanish.
January 27, 2015
The Foreign Exchange Committee today released the results of its twenty-first Survey of North American Foreign Exchange Volumes.
The press release can be found on the Foreign Exchange Committee's website at http://newyorkfed.org/fxc/.
The survey, together with the list of reporting dealers and explanatory notes, are available online at www.newyorkfed.org/fxc/volumesurvey.
November 5, 2014
EMTA Publishes Guidance with Regard to Calculation Agent Determination in the Valuation of UAH/USD Non-Deliverable Forward FX and Currency Option Transactions. Click Here.
September 1, 2014
EMTA, ISDA and the FXC publish updated BRL and INR rate source definitions dated September 1, 2014.
July 28, 2014
The Foreign Exchange Committee released the results of its twentieth Survey of North American Foreign Exchange Volume. The announcement to this survey can be found on the Foreign Exchange Committee's website at http://newyorkfed.org/fxc/. Results of this survey, together with the list of reporting dealers and explanatory notes, are available online at www.newyorkfed.org/fxc/volumesurvey.
July 21, 2014
EMTA publishes New and Updated FX Documentation for Trading the Ghanaian Cedi, Kenyan Shilling and Zambian Kwacha. Please Click Here to see Market Practice No. 74, Click Here to see the GHS, KES and ZMW NDF and NDO Template Terms and Click Here to see the GHS, KES and ZMW Rate Source Definitions.
July 10, 2014
EMTA Issues FX and Currency Derivatives Market Practice for BRL/USD NDF and NDO Transactions and Valuation Dates Falling on the "Last Weekday of the Year" dated July 10, 2014. CLICK HERE to see this Market Practice.
June 9, 2014
EMTA Issues its Recommended FX and Currency Derivatives Market Practice No. 72 recommending a change effective June 30, 2014 in the Primary Settlement Rate Option for ARS Non-Deliverable FX Forward and Currency Option Transactions.
CLICK HERE for Market Practice No. 72
CLICK HERE for New Template Terms and Related Documentation
CLICK HERE for Information on Amending Outstanding Contracts
March 4, 2014
EMTA Publishes its Recommended FX and Currency Derivatives Market Practice No. 71 on Change in Primary Settlement Rate Option for IDR/USD Non-Deliverable FX Forward and Currency Option Transactions. Members Only may CLICK HERE to view this market practice.
February 28, 2014
Resolution No. 104 (Excerpt of a Statement of the Governor of the National Bank of Ukraine).
February 27, 2014
Statement by the Governor of the National Bank of the Ukraine.
February 18, 2014
Singapore Foreign Exchange Market Committee Announces Further Benchmark Changes. Further information may be found on the website of the SFEMC.
February 6, 2014
Press Release of the National Bank of the Ukraine on its Resolution 49 (in Ukranian) “On Measures Relating to Banks Activities and the Conduct of Foreign Exchange Activities”.
February 4, 2014
Bank of Ghana Notice to Banks and the General Public on Repatriation of Export Proceeds and Bank of Ghana Revised Rules on the Operations of Foreign Exchange Accounts and Foreign Currency Accounts.
January 28, 2014
Foreign Exchange Committee Semi-Annual Nineteenth Annual Foreign Exchange Volume Survey.
July 29, 2013
The Foreign Exchange Committee releases results of its eighteenth Survey of North American Foreign Exchange Volume. CLICK HERE for the announcement and CLICK HERE for the survey.
July 5, 2013
Asian Currency NDF and NDO and Related Documentation Amended Effective August 6 To Accommodate Asian Benchmark Changes. CLICK HERE to see EMTA FX and Currency Derivatives Market Practice No. 69 Dated July 5, 2013.
SFEMC Explanatory Note (Discontinuation of Certain ABS-Sponsored Benchmarks) Published.
July 1, 2013
IOSCO publishes The Principles for Financial Benchmarks, Final Report.
June 14, 2013
The Association of Banks in Singapore, in consultation with the Singapore Foreign Exchange Market Committee, announces plans to overhaul the ABS financial benchmarks infrastructure.
CLICK HERE for the ABS SFEMC Press Release
CLICK HERE for the SFEMC Statement
CLICK HERE for ABS FAQs
June 6, 2013
EMTA Issues Recommended FX and Currency Derivatives Market Practice No. 68 on New Trading Convention for Russian Ruble Currency Options Transactions. EMTA Updates its Recommended FX and Currency Derivatives Market Practice No. 66 for Monitoring RUB.USD Barrier Options Transactions. CLICK HERE to see these Market Practices.
March 25, 2013
EMTA Issues Recommended FX and Currency Derivatives Market Practice on Updated Rate Source Definition for EGP/USD NDF and NDO Transactions. CLICK HERE to see this Market Practice.
March 20, 2013
Slides Presented at the EMTA Special Seminar on the Offshore Renminbi (CNH) Market.
February 26, 2013
The ICI, ICI Global, The American Bankers Association and the ABA Securities Association Request the CFTC for Exemption of NDFs from Certain Aspects of the Swap Regulatory Regime. CLICK HERE.
January 29, 2013
The Foreign Exchange Committee today released the results of its seventeenth Survey of North American Foreign Exchange Volume. The announcement to this survey can be found on the Foreign Exchange Committee's website at http://www.newyorkfed.org/fxc/. Results of this survey, together with the list of reporting dealers and explanatory notes, are available online at http://www.newyorkfed.org/FXC/volumesurvey/.
November 6, 2012
EMTA updates its Recommended FX and Currency Derivatives Market Practice No. 45 on Determining Barrier Breaches in BRL Non-Deliverable Continuous Barrier Option Transactions. CLICK HERE to view this updated Market Practice.
July 16, 2012
FXC releases the results of its sixteenth Survey of North American Foreign Exchange Volumes.
June 11, 2012
EMTA Issues its Recommended FX and Currency Derivatives on Monitoring RUB/USD Barrier Option Transactions. CLICK HERE to view this Market Practice Market Practice No. 66.
May 2, 2012
EMTA Publishes Standard Terms for GHS/USD Non-Deliverable FX Transactions. CLICK HERE for Recommended FX and Currency Derivatives Market Practice No. 65.
February 6, 2012
Foreign Exchange Committee Releases 15th Annual Survey of North American FX Volumes.
January 17, 2012
GFMA’s Global FX Division Warns How Proposed Transaction Tax Would Affect FX Markets.
December 15, 2011
BM&F and BOVESPA Press Release on New Reference Rates.
November 3, 2011
Recommended FX and Currency Derivatives Practice on Expiration Times for Russian Ruble Currency Option Transactions.
October 28, 2011
Resolutions of the 28th October 2011 CBK/ACI Members Q&A Session at Mayfair.
October 21, 2011
Central Bank of Kenya Notice Regarding New Restrictions on Kenyan Shilling.
August 17, 2011
EMTA, ISDA and the FXC Publish BRL PTAX Amendment to Annex A to the 1998 Definitions.
EMTA, ISDA and the FXC Publish An Updated Compendium of Amendments to Annex A.
July 25, 2011
FXC Releases its Fourteenth Survey of North America Foreign Exchange Volumes.
July 22, 2011
SIFMA Comments to CFTC and SEC on Joint Proposed Rules on Further Definitions.
July 4, 2011
Press Release from MICEX Regarding Extension of Trading Hours.
June 30, 2011
Press Release of the Reserve Bank of India Regarding a Revised Methodology for its USD-INR Rate.
June 24, 2011
Press Release of the Reserve Bank of India Regarding a Revised Methodology for its USD-INR Rate.
June 6, 2011
Comment Letter to Treasury Notice of Proposed Determination of FX Swaps and FX Forwards Submitted By Covington & Burling.
Comment Letter to Treasury Notice of Proposed Determination of FX Swaps and FX Forwards Submitted By ICI.
May 16, 2011
EMTA, ISDA and the FXC Publish the African Currency Amendment to Annex A to the 1998 Definitions.
May 4, 2011
CFTC Proposes Rules and Guidance on "Swap" Definitions -- to Include NDFs.
EMTA Publishes Proposed Final User’s Guide to Non-Deliverable Cross Currency FX Transactions.
April 29, 2011
Treasury Issues Notice of Proposed Determination of Foreign Exchange Swaps and Forwards.
April 12, 2011
"Building the New Derivatives Regulatory Framework"; Testimony of Assistant Secretary of the Treasury, Mary Miller.
February 4, 2011
Egypt Update.
January 12, 2011
Bank of China Q&A on Renminbi Trading by US Persons.
December 16, 2010
Banco Central Do Brasil Amendments to the PTAX Rate Methodology (in Portuguese).
Banco Central Do Brasil Amendments to the PTAX Rate Methodology (in English).
December 14, 2010
EMTA today announces the publication of its Recommended FX and Currency Derivatives Market Practice No.54 on Template Terms for Nigerian Naira Non-Deliverable Forward FX Transactions. See EMTA’s website (FX and Currency Derivatives Documentation and Market Practices) for documentation and more information.
November 29, 2010
FXC Submits Comments to Treasury on “Determination of FX Swaps and FX Forwards”.
November 24, 2010
SIFMA/AMG Letter to CFTC and SEC Addressing Definition of Foreign Exchange Forward and Other Items.
November 23, 2010
ISDA Letter to the United States Department of Treasury on "Determination of Foreign Exchange Swaps and Forwards".
November 15, 2010
SIFMA/AFME/ASIFMA Letter to the United States Department of Treasury on "Exemption of Foreign Exchange Swaps and Forwards".
September 27, 2010
2010 FX Commitment Letter.
September 23, 2010
Circular 3.506 of the Banco Central do Brasil Regarding Changes to the PTAX Rate Methodology (in Portuguese).
September 20, 2010
ISDA Letter to the CFTC and SEC on "Definitions Contained in Title VII of the Dodd-Frank Wall Street Reform and Protection Act".
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July 19, 2010 |
HKMA and PBOC Press Release on Renminbi Trading. |
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June 7, 2010 |
Argentina Issues New FX Regulations (In Spanish). |
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May 18, 2010 |
Venezuela Published New Foreign Exchange Regulation (in Spanish). |
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August 5, 2009 |
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July 21, 2009 |
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July 9, 2009 |
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April 1, 2009 |
Peruvian Legislation to Tax Derivative Transactions Under Consideration (Spanish language version). |
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March 13, 2009 |
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March 4, 2009 |
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December 11, 2008 |
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October 10, 2008 |
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September 9, 2008 |
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April 30, 2008 |
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February 25, 2008 |
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April 13, 2007 |
EMTA publishes FX and Currency Derivative Market Practice No. 42, recommending the use, effective April 20, 2007, of standardized terms to document non-deliverable currency option transactions. Members may CLICK HERE to view Market Practice No. 42 and may CLICK HERE to view the User’s Guide to Documenting Non-Deliverable Currency Option Transactions. |
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March 2, 2007 |
The Bank Of Thailand Issues Measures to Prevent Thai Baht Speculation. |
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December 19, 2006 |
The Bank of Thailand Imposes Reserve Requirements on Short-Term Capital Inflows. The Bank of Thailand Regulation on Short Term Capital Inflows (in Thai). |
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October 25, 2006 |
EMTA, ISDA and FXC update Annex A to the FX and Currency Option Definitions with an updated rate source definition for the Indian Rupee and a new rate source definition for the Philippine Peso. CLICK HERE for the Annex A updates. EMTA, SFEMC and the FXC issue updated PHP Template Terms for Non-Deliverable FX Transactions. CLICK HERE for the updated Template Terms. EMTA issues FX and Currency Derivative Market Practice No. 41 in connection therewith. CLICK HERE for EMTA’s Market Practice No. 41. |
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July 10, 2006 |
EMTA Issues New Market Practice Recommending Standard Terms for Chilean Peso, Colombian Peso and Peruvian Sol Non-Deliverable FX Transactions. Click Here for FX and Currency Derivative Market Practice No. 40. |
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May 17, 2006 |
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May 5, 2006 |
Fitch Upgrades Dominican Republic Long-Term Foreign Currency Rating to B. |
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April 3, 2006 |
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March 6, 2006 |
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January 4, 2006 |
People's Bank of China Makes Further Changes to its Forex System. |
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December 6, 2005 |
New Barrier Option Supplement to the 1998 FX and Currency Option Definitions Published. |
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July 21, 2005 |
Statement from the People's Bank of China on Reforming the RMB Exchange Rate Regime. |
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July 1, 2005 |
EMTA, SFEMC and FXC Jointly Announce Template Terms for MYR/USD Non-Deliverable FX Documentation.
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May 20, 2005 |
New and Amended Russian Ruble Rate Source Definitions Announced by EMTA, ISDA and the FXC. |
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May 3, 2005 |
EMTA publishes standard terms (and related documentation) for Russian Ruble/U.S. Dollar non-deliverable foreign exchange transactions, and in conjunction with the Chicago Mercantile Exchange updates the methodology for the daily CME EMTA Reference Rate.
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December 30, 2004 |
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December 7, 2004 |
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November 8, 2004 |
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November 1, 2004 |
EMTA, SFEMC and FXC Jointly Announce Amended Asian Currency NDF Documentation. EMTA Publishes NDF Market Practice No. 34 For Amended Asian Currency Template Terms. EMTA, the FXC and ISDA Announce Amendments to Annex A of the 1998 FX and Currency Option Definitions.
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May 12, 2004 |
EMTA Announces 2003 Annual Emerging Markets Credit Derivatives Stood at US$197 Billion. |
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April 16, 2004 |
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April 14, 2004 |
EMTA Announces 2003 Annual Emerging Markets NDF Trading Stood at US$1.021 Trillion. |
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February 18, 2004 |
EMTA Announces NDF Market Practice 33, Publishes BRL Revised Template Terms for BRL Non-Deliverable FX Transactions, Amended BRL Settlement Rate Options for Annex A, New BRL Industry Survey Rate Methodology and New BRL Indicative Survey Rate Methodology. |
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January 15, 2004 |
Korean Government Authorities Announce Restrictions Limiting USD Positions By Local Financial Institutions To 110% of Jan. 4 Levels In an Effort To Curb Speculative Activity in the Korean Won. Some Impact on KRW/USD NDF Market Predicted. |
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December 2, 2003 |
Amendment to Korean Won Rate Source Definitions Published by EMTA, ISDA and the FXC. |
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November 21, 2003 |
Quarterly NDF and EM Credit Derivatives Surveys Suspended Pending Further Development. |
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October 15, 2003 |
The Central Bank of Thailand Imposes Further Capital Controls on the Thai Baht. |
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September 15, 2003 |
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August 18, 2003 |
EMTA Announces 2Q 2003 NDF Volumes at US$320 Billion; Credit Derivatives at US$49 Billion. |
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June 23, 2003 |
EMTA publishes its NDF Market Practice No. 32 extending the "Drop-dead Date" from 8 to 30 days for Non-Deliverable FX and Currency Option Transactions in Various Latin American Currencies. Members Only can view this NDF Market Practice by Clicking Here. |
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May 21, 2003 |
EMTA Issues New NDF Market Practice for VEB/USD Non-Deliverable FX and Currency Option Transactions. |
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May 14, 2003 |
Costa Rica Announces Redemption of All Outstanding Series A 6 1/4% Bonds Due 2010. |
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May 1, 2003 |
EMTA, with the Assistance of the Participating Banks, Successfully Launched its Automated Version of the ARS Industry Survey on April 23, 2003. |
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March 21, 2003 |
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March 3, 2003 |
Amendment to Annex A Taiwanese Dollar Rate Source Definition. |
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February 6, 2003 |
The Gaceta Oficial de la Republica Bolivariana de Venezuela Dated February 5, 2003 Publishes New Regulations Establishing a New Foreign Exchange Regime in Venezuela Centralizing the Buying and Selling of Foreign Exchange with the Banco Central de Venezuela, Fixing an Official VEB/USD Exchange Rate and Establishing a New Administration (CADIVI) to Administer the New Regime and to Issue Implementing Regulations. |
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January 28, 2003 |
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December 20, 2002 |
Amendments to Annex A Argentine Peso Settlement Rate Options; Adoption of revised EMTA Template Terms for ARS Non- Deliverable FX Transactions; Revision of EMTA ARS Industry Survey Methodology; and Adoption of a new EMTA ARS Indicative Survey Rate Methodology. |
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April 23, 2002 |
New ARS Market Practice and Template Terms for a 30-Day Deferral Period. |
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February 11, 2002 |
NDF Market Practice for Argentina NDF Contracts - Members Only can View this NDF Market Practice by Clicking Here. |
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January 11, 2002 |
CME/EMTA ARS Industry Survey Rate is Available in the Activities & Services, Market Data, CME/EMTA ARS Industry Survey Rate Area. NDF Market Practice for Settlement of Outstanding Argentine NDF Contracts - Members Only can View this NDF Market Practice by Clicking Here. |
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January 9, 2002 |
NDF Market Practice for Argentina NDF Contracts - Members Only can View this NDF Market Practice by Clicking Here. |
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January 2, 2002 |
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December 31, 2001 |
New NDF Market Practice for Deferral of December 21, 2001 Valuation Date to January 2, 2002. |
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December 21, 2001 |
Unscheduled Holiday Declared by Argentina - Members Only can View NDF Market Practices Relating to this Event by Clicking Here. |
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October 31, 2001 |
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October 29, 2001 |
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September 14, 2001 |
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July 10, 2001 |
Argentine Peso NDF Market Practice, Template Terms and ARS Methodology are now final and effective. |
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June 20, 2001 |
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April 27, 2001 |
Drafts of the ARS NDF Template Terms and CME/EMTA ARS Methodology Summary are now available. (The procedures for requesting the ARS Methodology and conducting the ARS Industry Survey are also provisionally in place.) Members only may access these documents in Standard Documentation, FX/Derivatives Index. |
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February 6, 2001 |
EMTA Endorses FX Committee press release on Indonesian Rupiah. |
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February 5, 2001 |
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October 23, 2000 |
Market Practice and New EMTA Template Terms for Brazilian Real NDFs. |
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October 2, 2000 |
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September 22, 2000 |
Revised Annex A to the 1998 FX and Currency Option Definitions. |
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May 26, 2000 |
EMTA Announces Current & Historical CME/EMTA Ruble Rates Now Available on the EMTA Website. |
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May 11, 2000 |
First Drafts of EMTA Template Terms for Asia-Specific NDF Transactions. |
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March 14, 2000 |
EMTA, ISDA and FX Committee Announce Addition of New Brazilian Real Rate Source Definition. |
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February 8, 2000 |
EMTA TEMPLATE TERMS for BRL Non-Deliverable FX Transactions. |